Study Shows New NFL Stadium Could Generate $24.7B for Virginia

An economic impact analysis commissioned by the Washington Commanders shows that the team could be a major financial force in Virginia.

The study, conducted by JLL Sports & Entertainment, found that a new stadium and surrounding development would bring in $24.7 billion in direct economic activity and support 2,246 jobs by 2033, according to the Richmond Times Dispatch. 

• The project is projected to generate $3 billion in tax revenue over 30 years.
• Plans call for a 55,000-seat stadium, which would be the smallest in the NFL. The Commanders’ current home, FedEx Field in Maryland’s Prince George’s County, holds 82,000. 
• Stadium designs feature a translucent roof and color-changing exterior.

The $3 billion mini-city project would also include an amphitheater, restaurants, bars, office space, and a convention center.

The team recently purchased an option on 200 acres of land in Virginia’s Prince William County for $100 million. 

Snyder Under Pressure

The biggest hurdle to a stadium deal may be the team’s owner, Dan Snyder. Three Virginia legislators pulled their support for a $350 million subsidy for the project, citing the fact that Snyder is the subject of an ongoing congressional investigation.

A House Oversight Committee probe is looking into financial improprieties, hostile workplace claims, and sexual misconduct allegations against Snyder himself.

A vote on stadium financing was pushed back in light of legislators’ concerns.